Karman Holdings Inc. filed its Form 10-Q with the SEC on August 11, 2026, covering the quarterly period ended June 30, 2026, disclosing revenue, earnings, and balance sheet results for the three and six months ended on that date.

Key Highlights

  • Q2 2026 Revenue: Revenue for the three months ended June 30, 2026 was $182,063 thousand, compared with $115,097 thousand in the same period of 2025, according to the filing.
  • Q2 2026 Net Income: Net income for the second quarter was $14,032 thousand, or $0.11 per basic and diluted share, versus $6,807 thousand, or $0.05 per share, in Q2 2025.
  • Six-Month Net Income: For the six months ended June 30, 2026, the company reported net income of $21,826 thousand, compared with $2,009 thousand for the same period in 2025.
  • Total Assets: Total assets as of June 30, 2026 were $1,443,977 thousand, up from $1,104,096 thousand as of December 31, 2025.
  • Goodwill Increase: Goodwill rose to $498,148 thousand at June 30, 2026, from $352,513 thousand at December 31, 2025, reflecting acquisition activity in the period.
  • Shares Outstanding: As of August 3, 2026, common shares outstanding totaled 132,533,708.
  • Cash Used in Operations: Net cash used in operating activities was $2,975 thousand for the six months ended June 30, 2026, compared with $30,955 thousand used in the same period of 2025.

Karman Holdings Q2 2026: Revenue Growth, Acquisitions, and Balance Sheet Expansion

According to the filing, Karman Holdings Inc. (NYSE:KRMN), headquartered in Huntington Beach, California, reported second-quarter 2026 revenue of $182,063 thousand, a year-over-year increase from $115,097 thousand in Q2 2025. Gross profit for the quarter was $78,234 thousand versus $47,021 thousand in the prior-year period. Net operating income reached $34,829 thousand for Q2 2026, compared with $20,104 thousand in Q2 2025. Interest expense, net, was $15,284 thousand for the quarter, the filing disclosed.

For the six months ended June 30, 2026, the company reported total revenue of $333,273 thousand and net income of $21,826 thousand, compared with revenue of $215,221 thousand and net income of $2,009 thousand in the same period of 2025. The filing shows general and administrative expenses for the six-month period were $59,976 thousand, while depreciation and amortization expense was $25,842 thousand. Income before provision for income taxes for the six-month period was $27,897 thousand, with a provision for income taxes of $6,071 thousand.

The balance sheet reflected significant changes from December 31, 2025, to June 30, 2026. Total liabilities grew to $1,022,880 thousand from $721,405 thousand, driven in part by an increase in the term note, net of current portion, from $495,312 thousand to $751,327 thousand. Stockholders' equity rose to $421,097 thousand from $382,691 thousand. The filing notes that during the first quarter of 2026, the company issued 135 thousand shares of common stock in connection with the acquisition of Seemann Composites and Materials Sciences, valued at $15,206 thousand. Cash used in investing activities for the six months ended June 30, 2026 included $210,000 thousand for acquisitions of businesses, net of cash acquired. The company classified itself as a non-accelerated filer and an emerging growth company in the filing.

What Was Disclosed

Karman Holdings Inc. disclosed its unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026, including income, balance sheet, equity, and cash flow data, along with notes to financial statements and management's discussion and analysis.